One Acquisition Which May Be On the Horizon for Amazon.com, Inc

Adjust Comment Print

After all, the Trump administration pushed for a cut in the corporate tax rate that saved Amazon $789 million. In the long-term, it's highly unlikely that Amazon will suffer much from Trump's attacks. Some of his vitriol no doubt comes from unfavorable stories printed about him by The Washington Post, which is also owned by Bezos.

Amazon stock comes under pressure again after Trump tweets it's a "scam" costing the Post Office "billions". He then suggests that the scheme is protected through billions of dollars spent by Amazon on lobbyists. "The Failing N.Y. Times reports that 'the size of the company's lobbying staff has ballooned, ' and that ..."

Following the tweet, Amazon's stock sank in early trading on Monday.

Shares in the online retail giant have plunged 11 per cent since last week, when Axios reported that the president was "obsessed" with regulating the company.

While grocery retail may not be as lucrative as other segments which drive Amazon's profitability now, the reality is that the deep pockets of Amazon seem to find a way into segments which others may have previously anticipated may be too hard or costly to enter. Ally reported 1,700 shares. It also increased its holding in Univar Inc by 901,095 shares in the quarter, for a total of 2.03M shares, and has risen its stake in Grace W R & Co Del New (NYSE:GRA).

The details of Amazon's payments to USPS is not publicly known, but Wall Street analysts have estimates that it pays the service roughly half of what it pays to United Parcel Service Inc.

A spokesman for the U.S. Postal Service declined to comment.

But the postal service's losses have little to do with Amazon and more to do with its large health-care obligations and the dwindling use of first-class mail.

Widow of Orlando gunman acquitted by United States court
The jurors have been deliberating since Wednesday as to whether or not Salman was guilty of the charges pinned against her. Salman also said in the statement that she had accompanied Mateen while casing Pulse and other potential targets.

"An argument, however, could be made that the USPS was losing billions before it expanded its service offerings for Amazon and would, still, likely lose billions if Amazon discontinued its use of the USPS tomorrow", DA Davidson analyst Tom Forte wrote in a note to clients.

The U.S.jobs report was already playing second fiddle to inflation data in the minds of bond traders. USPS inherited these obligations when it was established as an independent agency in 1971 to replace the Post Office Department.

In fact, Amazon does collect taxes on products it sells to customers in the 45 states that have sales taxes, although items sold by third-party vendors may have different arrangements.

Deputy White House press secretary Lindsay Walters told reporters traveling aboard Air Force One on Thursday, "The president has expressed his concerns with Amazon". A quick examination of the once famous Toys R Us flagship store in Times Square showcases the problems being faced by NYC retailers.

Over the weekend, Trump tweeted about the USPS as well as the Bezos-owned Washington Post, in which he said that the newspaper should be required to register as a lobbyist.

Still, Trump's attacks, irrespective of their factual accuracy, could hurt public confidence in the company.

Weekly/Monthly/Quarterly/YTD/Yearly Performance: The stocks has year to date performance of 23.76 percent and weekly performance of -6.32 percent. Amazon alone has wipe nearly 10 points off the S&P 500 - it's the fourth-biggest issue in the index at 2.5 percent.

1,985 Amazon.com, Inc. (NASDAQ:AMZN) shares with value of $2.90 million were sold by Jassy Andrew R. $3.42 million worth of Amazon.com, Inc.

Comments